Crestwood Advisors Group LLC Has $2.45 Million Stock Position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Crestwood Advisors Group LLC reduced its position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 10.6% in the 1st quarter, HoldingsChannel reports. The firm owned 52,557 shares of the company’s stock after selling 6,200 shares during the period. Crestwood Advisors Group LLC’s holdings in iShares U.S. Regional Banks ETF were worth $2,451,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of IAT. Golden State Wealth Management LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 101.4% in the first quarter. Golden State Wealth Management LLC now owns 564 shares of the company’s stock valued at $26,000 after acquiring an additional 284 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in iShares U.S. Regional Banks ETF during the fourth quarter worth about $40,000. Spire Wealth Management grew its stake in iShares U.S. Regional Banks ETF by 1,236.1% during the first quarter. Spire Wealth Management now owns 1,109 shares of the company’s stock worth $52,000 after buying an additional 1,026 shares in the last quarter. Garde Capital Inc. acquired a new stake in iShares U.S. Regional Banks ETF during the first quarter worth about $66,000. Finally, NBC Securities Inc. grew its stake in iShares U.S. Regional Banks ETF by 174,900.0% during the first quarter. NBC Securities Inc. now owns 1,750 shares of the company’s stock worth $81,000 after buying an additional 1,749 shares in the last quarter.

iShares U.S. Regional Banks ETF Stock Down 0.2%

Shares of iShares U.S. Regional Banks ETF stock opened at $51.93 on Tuesday. The firm’s 50-day moving average price is $48.74 and its two-hundred day moving average price is $48.14. The company has a market capitalization of $628.35 million, a price-to-earnings ratio of 12.39 and a beta of 1.09. iShares U.S. Regional Banks ETF has a 12-month low of $38.30 and a 12-month high of $57.69.

iShares U.S. Regional Banks ETF Profile

The iShares U.S. Regional Banks ETF (IAT) is an exchange-traded fund that is based on the DJ US Select \u002F Regional Banks index. The fund tracks the performance of an index of small- and mid-cap regional banks. IAT was launched on May 1, 2006 and is managed by BlackRock.